Derivative Instruments (Tables)

9 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments Effect on Condensed Consolidated Statements of Operations

The following is the effect of derivative instruments, net of tax on the Condensed Consolidated Statements of Operations for the three months ended December 31, 2024 and 2023 (in thousands):

Derivatives Designated as Cash Flow Hedges	Type of Instrument	Amount of Gain or (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives		Location of Gain or (Loss) Recognized in Income on Derivatives	Amount of Gain or (Loss) Reclassified from AOCL into Income
December 31, 2024	Foreign exchange contracts	$	(111)	Cost of products sold	$	4
December 31, 2024	Interest rate swaps	3,517		Interest expense	2,048
December 31, 2024	Cross currency swaps	3,525		Foreign currency exchange (gain) loss	4,348
December 31, 2023	Foreign exchange contracts	(31)		Cost of products sold	(22)
December 31, 2023	Interest rate swap	(1,958)		Interest expense	(2,566)
December 31, 2023	Cross currency swaps	(2,921)		Foreign currency exchange (gain) loss	(3,248)

The following is the effect of derivative instruments, net of tax on the Condensed Consolidated Statements of Operations for the nine months ended December 31, 2024 and 2023 (in thousands):

Derivatives Designated as Cash Flow Hedges	Type of Instrument	Amount of Gain or (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives		Location of Gain or (Loss) Recognized in Income on Derivatives	Amount of Gain or (Loss) Reclassified from AOCL into Income
December 31, 2024	Foreign exchange contracts	$	(14)	Cost of products sold	$	(43)
December 31, 2024	Interest rate swaps	3,289		Interest expense	7,033
December 31, 2024	Cross currency swaps	2,328		Foreign currency exchange (gain) loss	2,429
December 31, 2023	Foreign exchange contracts	(211)		Cost of products sold	(75)
December 31, 2023	Interest rate swap	4,131		Interest expense	7,424
December 31, 2023	Cross currency swaps	(1,701)		Foreign currency exchange (gain) loss	(1,200)

Schedule of Derivative Instruments Effect on Condensed Consolidated Balance Sheets

The following is information relative to the Company’s derivative instruments in the Condensed Consolidated Balance Sheets (in thousands):

		Fair Value of Asset (Liability)
Derivatives Designated as Hedging Instruments	Balance Sheet Location	December 31, 2024		March 31, 2024
Foreign exchange contracts	Prepaid expenses and other	$	79	$	56
Foreign exchange contracts	Accrued liabilities	(315)		(133)
Interest rate swap	Prepaid expenses and other	1,395		7,503
Interest rate swap	Other assets	746		—
Interest rate swap	Other non current liabilities	—		(381)
Cross currency swap	Prepaid expenses and other	961		199
Cross currency swap	Other non current liabilities	(244)		(2,541)